 | I hold XRP. I believe it will appreciate in price. But I am not blind to its faults and there some misinformation here because people claim that XRP has no inflation and is deflationary: This idea also gets posted on news websites sometimes from a different perspective because every now and then XRP gets burned. And while it is true that all XRP might be pre-mined and capped at 100 billion, we have definitely seen plenty of inflation, meaning that there is quite a lot of inflation in the supply:
That is a 33.85% increase in 6 years! This supply inflation is actually rather high (though partly offset by the burns): This comment describes how XRP works pretty well. But let's face it. That's like USD having 50% of its supply hidden that gets slowly released (inflating the supply of USD) and then claiming its not inflation because that 50% hidden supply was already "pre-mined". Thats not how it works. Fact is, XRP's circulating supply increases over time. Not as much as other tokens like Immutable, Gala, Sand, and Mana. But plenty to make a difference. And Ripple dumps that XRP on users. A bit every year. [link] [comments] |
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